Improving Savings, Reducing Costs

Doing more with less. Improve to Establish a Cost Savings Culture

Reducing costs, lowering your operating cost, and improving cost savings is the number one priority of senior executives across businesses and industries. Defining and implementing a Cost Reduction Plan as a top priority -on average- could result in total annual cost savings estimated between 15-25% of the cost base.

We will assist you and collaborate with you to define and deliver a Cost Reduction Plan by which you can become cost-competitive, increase your cost savings, and at the same time you establish a continuous cost management improvement culture.

Our integrated cost savings improvement and cost reductions plan combines best known Lean, Six Sigma, Continuous Improvement and ERP practices, and incorporating SIPOC, DMAIC, DMADV, Value Stream Mapping methodologies specifically tailored to cost management improvement programs.

With a systematic and rigorous approach, and by analyzing and assessing cost savings opportunities with a very clear and structured approach, we can optimize the cost value chain of your business process, with a special focus in the following two main areas:

Selling, General & Administrative Expense

• Human Capital savings plan
• Sales and Marketing Cost Performance
• Financial Supply Chain Optimization
• Order-to-cash acceleration
• IT Cost Optimization
• Service Delivery and Customer Service Cost Savings
• Shared Services

Costs of Goods Sold (COGS)

• Procurement and Procure-to-Pay cost optimization
• Manufacturing and Production Cost efficiency
• Inventory and Warehouse Optimization
• Logistics and Supply Chain Cost Optimization

Based on robust Project Management and Change Management foundations, our team of cross functional experts approach and focus on quick wins, can enable the development of Cost Savings Champions and Continuous Cost Management Improvement Leaders that will establish a solid cost reduction culture across business units and operational units. he main aspects of our Cost Saving and Cost Reduction plan involve:

• Engaging senior level executives to sponsor the cost savings plan
• Diagnosing cost drivers and cost/value chains
• Identifying and assessing cost savings opportunities
• Establishing cost targets at high-level
• Involving cross-functional business teams in cost savings opportunities and evaluations
• Defining clear Cost Performance Indicators, Cost targets, and internal/external cost benchmarks
• Defining a Cost Improvement Roadmap with milestones and checkpoints
• Establishing a continuous cost management improvement culture
• Obtaining agreement, consensus and signoff from key stakeholders

Our team of Business Improvement advisors has helped clients across many sectors and industries. Our cost reduction practice provides leading edge business solutions, made possible by a team of experience individuals with a solid background in engineering, IT/ERP, Financial Management, Accounting, Manufacturing, Supply Chain, Customer Services, Lean and Continuous Improvement.

Our Business Improvement consultants have delivered in excess of GBP 36 Million in tangible measurable benefits. Depending on the specifics and particulars of each business and the cost structure of each industry, on average some businesses can achieve costs reductions in the range of over 15 to 25% percent of their cost base.

We can assist you and collaborate with you implementing a Costs Reduction Plan

Click here to learn more about our Improvement Solutions and Services